|Statement||prepared by Ldonardo Bartolini and Gordon M. Bodnar.|
|Series||IMF working paper -- WP/92/27|
|Contributions||Bartolini, Leonardo., Bodnar, Gordon M., International Monetary Fund. European Dept.|
|The Physical Object|
|Pagination||23 p. --|
|Number of Pages||23|
Genre/Form: Electronic books: Additional Physical Format: Print version: Bartolini, Leonardo. Analysis of the process of capital liberalization in Italy. "An Analysis of the Process of Capital Liberalization in Italy," IMF Working Papers 92/27, International Monetary Fund. Alesina, Alberto & Tabellini, Guido, " External debt, capital flight and political risk," Journal of International Economics, Elsevier, vol. 27(), pages , November. "An Analysis of the Process of Capital Liberalization in Italy," IMF Working Papers 92/27, International Monetary Fund. Dooley, Michael P & Isard, Peter, "Capital Controls, Political Risk, and Deviations from Interest-Rate Parity," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages , April. 1 The author formerly served as Chief Economist of the World Bank (–) and in that period was actively engaged in policy debates concerning capital-market liberalization. He is indebted to Francesco Brindisi for research assistantship, and to the F ord, MacArthur, and Mott Foundations for financial support.
One of the most controversial aspects of globalization is capital-market liberalization--not so much the liberalization of rules governing foreign direct investment, but those affecting short-term capital flows, speculative hot capital that can come into and out of a country. liberalization of capital movements one of the IMF’s goals and to extend the Fund’s jurisdiction to this area. The events in Asia, however, overshadowed the discussion, and increased challenges to the. GUIDANCE NOTE FOR THE LIBERALIZATION AND MANAGEMENT OF CAPITAL FLOWS INTERNATIONAL MONETARY FUND 5 II. OPERATIONAL GUIDANCE FOR FUND STAFF 4. Context and use of institutional view. In evaluating balance of payments stability, staff already take into account capital flows and related policies and provide advice where relevant. The. B. Liberalization and a globalizing world economy 1. Liberalization and the broadening scope for private initiative 3. During th e past decade, liberalization has been the hallmark of economi c policy throughout the world. Virtually all Governments have taken s ignificant steps to widen the role of private enterprise in economic Size: KB.
Capital market liberalization has been a key battle in the debate on globalization for much of the previous two decades. Many developing countries, often at the behest of international financial institutions such as the IMF, opened their capital accounts and liberalized their domestic financial markets as part of the wave of liberalization that characterized the s and s and in doing so. capital flow and its relation with liberalization. This paper seeks to fill this gap by first analyzing the determinants behind private capital flow and its main components – FDI and portfolio in-vestment. Second it places liberalization as a determinant behind capital flows. Initiative for Policy Dialogue. Written by leading academics and policymakers with varying viewpoints of the debate. Provides an analysis of the risks associated with Capital Market Liberalization and examines the alternative forms of capital market intervention. Highly topical, controversial, and accessibly written. “An Analysis of the Process of Capital Liberalization in Italy” “Tariffs, Optimal Taxes, and Collection Costs” “Financial Markets and Public Finance in the Transformation Process” “Stabilization and Reform in Eastern Europe: A Preliminary Evaluation”.